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hodlmoto / Hodlmoto
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2024-04-29 09:23:24

hodlmoto on Nostr: Congress shall make no law to surveil the transmission of money ! ! This has to be ...

Congress shall make no law to surveil the transmission of money ! ! This has to be the basis of all discussions going forward on KYC regulations - with the Samurai team in the spotlight this needs to come together.
One day, it would be nice to see a well-capitalized challenge to the Bank Secrecy Act on 4th amendment grounds.

The Founding Fathers would be rolling in their graves if they saw that people need a license to transmit money, or that the government thinks it has the right to surveil and censor everyone’s money and transactions.

The default is privacy. To infringe on someone’s privacy should require probable cause and come with checks and balances. Ubiquitous surveillance shouldn’t be the default, since it enables tyranny.
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